Basle Committee, IASB set out capital and accounting reform
Standard setters were again the centre of attention this week as the Basle Committee on Banking Supervision finalised its proposals on trading book capital and remuneration, swiftly implemented in draft legislation by the European Commission, while the International Accounting Standards Board laid out its vision for a new fair value accounting system. EuroWeek finds out what the radical changes mean for banks and other market participants.
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